Check out our loan calculator to determine the term and repayment levels you seek.

For more information and the next steps, contact us on 053 9123909 or email us at homeloans@wexfordcreditunion.ie. Our dedicated home loan officer will send out our information pack and arrange to meet you to go through the home loan application process. On our website, you can also find out what information you must bring and other loan conditions, including property valuation. We will acknowledge receipt of a complete home loan application within three business days of receipt of all documents or items of information necessary for a complete application. Where a home loan application is not complete, we will acknowledge receipt of the home loan application within three business days of receipt and, together with that acknowledgment, provide notification of any documents or items of information necessary to complete the application.

Once our mortgage team has received all the required information from you, a decision will be made on your application within ten business days of receipt of all documents or items of information necessary to assess the application. When your home loan has been approved, we will send you a home loan offer letter to discuss with your solicitor, who will complete the legal work on your behalf. Suppose our mortgage team cannot decide whether it will grant or refuse the application within ten business days of receipt of all the documentation. In that case, they will inform the member why the assessment will take longer than ten business days and the expected timeframe within which a decision will be made.

Seven key steps involve your solicitor when you are switching your home loan.

1. Your solicitor will request your title deeds and the amount outstanding on your existing home loan from your existing Lender; this will be paid off with the proceeds of the new loan.
2. Once the credit union approves your loan, a ‘loan pack’ will be sent to your solicitor. The loan pack will contain the credit union’s home loan documentation. The solicitor will meet you to review the loan offer letter and conditions. Suppose you are satisfied to proceed with the new loan offer. In that case, your solicitor will require you to sign the home loan documentation. We will notify you of the necessary documentation to complete the home loan drawdown process and ensure there are clear points of contact for any enquiries during the home loan drawdown and for any other enquires relating to home loan lending.

• Your solicitor will review your title deeds and will undertake:
• To ‘Certify’ the title to the credit union.
• That the new home loan will be registered on your property as a ‘First charge’.
• That the ‘Title deeds’ will be sent to the credit union when the ‘New charge’ has been registered on the property.

1. At your solicitor’s request, the credit union will send the new loan proceeds to your solicitor. Before drawing down the loan, you must ensure that all property and home loan protection insurance is in place and the credit union’s interest noted.
2. Your solicitor will then use the proceeds of the new loan to pay off your existing home loan in full. The charge in respect of your existing loan will then be removed from your title by your existing Lender.
3. Your solicitor will then register your new home loan to the credit union with the Property Registration Authority.
4. Your solicitor will send your title deeds to the credit union. The credit union will retain the title deeds until the new loan has been repaid.

To switch, you must have the following insurance policies in place.

• Home insurance Policy that is in the same borrower(s) name(s) as the home loan account for the reinstatement value as per the valuation report, with the credit union’s interest noted.
• Adequate Life Assurance Policy in the (joint) name(s) with correct balance and term to cover home loan and assigned to the credit union.

You can keep your existing home loan protection and home insurance if they are sufficient to cover your new home loan terms. You will need to assign them to the credit union.

1. Other Information The credit union will provide you, on request, the redemption figure applicable to any home loan with us within five working days. Members who are considering switching their home loan and for any other enquires relating to home loan lending. Should direct any enquiries to the Home Loan Team. For further information on switching home loan lender or home loan type, please visit the Competition and Consumer Protection website: www.ccpc.ie